R2 Testnet Hits 10M Transactions With 200K+ Users in Weeks
The post R2 Testnet Hits 10M Transactions With 200K+ Users in Weeks appeared on BitcoinEthereumNews.com.
The R2 testnet drew over 200,000 users and hit 10 million transactions in under three weeks. R2USD is backed by real-world assets like government bonds and rental income, adding credibility to its stablecoin model. Less than three weeks after its official testnet launch, the R2 stablecoin protocol has already caught the attention of many. Launched on April 17, 2025, the project has already attracted over 200,000 participants and recorded over 10 million transactions. In fact, in its early days, over 60,000 unique addresses have participated and managed to control over 50% of the transaction volume on the Ethereum Sepolia network. Imagine, a new project but immediately dominating a crowded test network like that—that’s no small matter. The RWA-driven yield-bearing stablecoin protocol R2 announced that its testnet attracted over 200,000 participants and processed more than 10 million transactions in less than three weeks. R2’s underlying assets include on-chain U.S. Treasury tokens, compliant money-market fund… — Wu Blockchain (@WuBlockchain) May 10, 2025 Where Hype Meets Real-World Backing It’s not just the numbers that prove it. The community is also growing rapidly. The R2 Discord channel is already filled with over 58,000 members who are actively chatting, asking questions, and discussing strategies. Behind the hype is the promise of real returns from real-world assets such as US government bonds, money market funds, and property rental income. This is not a baseless DeFi dream like some projects in the past—there is a clear and traceable basis. R2 Doubles Down With Real Utility and Reach Furthermore, R2 shows that they are not just a project that is good at marketing. On April 16, 2025, just one day before the testnet launch, they officially became a liquidity provider for Ondo Finance. After passing KYB verification and asset checks, the R2USD stablecoin will be backed by OUSG—Ondo’s…
Filed under: News - @ May 11, 2025 9:08 am